2011•Yunnan Daxue xuebao. Shehui kexue banRequires access
The Role of the Enterprises' Internal Capital Market: An Analysis Based on the Theory of Transaction Costs
Lin Fei-yua
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Abstract
Based on the theory of new institutional economics,this paper gives an analysis of the causes of transaction costs,the specific contents of transaction costs and the reduction of transaction costs,and concludes that the internal capital market can help enterprise groups reduce their business transaction costs.